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Published on Monday, November 24, 2014 | Updated on Thursday, June 22, 2023

Document number 14/18

A banking union for Europe: making a virtue out of necessity

In this working paper we explain the process of the construction of banking union, the most ambitious European project since the single currency. The project was launched in 2012 to send the markets a strong signal of unity in response to financial fragmentation and the risk of the break-up of the euro.